Base Rental Rate Sample Clauses
The Base Rental Rate clause defines the fixed amount of rent that a tenant is required to pay to the landlord for occupying a leased property, typically on a monthly or annual basis. This clause specifies the dollar amount, the payment schedule, and may clarify whether the rate is subject to periodic adjustments or excludes additional costs such as utilities or maintenance fees. Its core function is to establish a clear and predictable financial obligation for the tenant, ensuring both parties understand the minimum rent due and reducing the potential for disputes over payment expectations.
POPULAR SAMPLE Copied 1 times
Base Rental Rate. From and after the Extension Date, the Base Rental Rate will be a gross payment of base rent and operating expenses, and such payment shall be due and payable as set forth in Section 5 of the Lease as modified herein in the following amounts, subject to adjustments as specified within this Fourth Amendment to Lease. 9/1/04 - 11/30/05 $ 16.42 12/1/05 - 11/30/06 12.00 7.00 0.20 $ 19.20 12/1/06 - 11/30/07 12.36 7.00 0.20 $ 19.56 12/1/07 - 11/30/08 12.73 7.00 0.20 $ 19.93 12/1/08 - 11/30/09 13.12 7.00 0.20 $ 20.32 12/1/09 - 11/30/10 13.51 7.00 0.20 $ 20.71
Base Rental Rate. The “Base Rental Rate” for the period commencing on July 1, 2004, shall be as follows: July 1, 2004, through June 30, 2005 $16.50 July 1, 2005, through June 30, 2006 $17.00 July 1, 2006, through June 30, 2007 $17.50 July 1, 2007, through June 30, 2008 $18.03 July 1, 2008, through June 30, 2009 $18.57 July 1, 2009, through June 30, 2010 $19.13 July 1, 2010, through June 30, 2011 $19.70 July 1, 2011, through June 30, 2012 $20.29 July 1, 2012, through June 30, 2013 $20.90 July 1, 2013, through June 30, 2014 $21.53 July 1, 2014, through October 31, 2014 $22.18
Base Rental Rate. “Base Rent” is the aggregate of the Annual Base Rent payable by Tenant to Landlord determined in accordance with the Base Rent Chart for the Term of the Lease commencing on the Commencement Date. “Annual Base Rent” is the Base Rent for each of the Lease Years of the Term of this Lease. The “Base Rental Rate” is the amount of Base Rent on a RSF basis. Lease Month 1 begins on the Commencement Date. The Annual Base Rental Rate for Lease Year 1 (Lease Months 1 – 12) is $40.00 per RSF* of the Leased Premises and thereafter the Annual Base Rent increases as follows: * Base Rent is abated for Lease Months 1 – 5 (the “Abated Rent”), subject to the terms and conditions of Section 2.C(1). The Base Rent payable for a Lease Month (the “Monthly Base Rent”) is the Annual Base Rent set out in the above Base Rent Chart times the RSF of the Leased Premises divided by 12.
Base Rental Rate. The Base Rent to be paid by Tenant shall be determined and agreed upon following receipt and agreement of the Parties of and concerning the exact scope and cost of the Tenant and Landlord work to performed in accordance herewith, but shall not, in any case, be less than the following: # of Terminal & Food Platform and Tobe determined based on review by Landlord's architect of impact to Master Plan.
Base Rental Rate. ANNUAL BASE RENT MONTHLY BASE RENT ---------------- ----------------- 3/1/97 - 2/28/98 $611,572.65 $50,964.39 3/1/98 - 2/28/99 631,300.80 52,608.40 3/1/99 - 2/29/00 644,958.75 53,746.56 3/1/00 - 2/28/01 666,204.45 55,517.04 3/1/01 - 2/28/02 687,450.15 57,287.51 The above table will be adjusted if relocation date is other than 3/1/97.
Base Rental Rate. Annual base rent shall be $[amount in numbers] per rentable square foot, commencing on the [Lease/Rent] Commencement Date.
Base Rental Rate. The charts in Items 10 and 11 of the Basic Lease Information in the Lease shall be amended to add the following: 10/0108 – 12/31/08 $ -0- $ -0- $ -0- 01/01/09 – 12/31/09 $ 17.00 $ 251,532.00 $ 20,961.00 01/01/10 – 12/31/10 $ 17.50 $ 258,930.00 $ 21,577.50 01/01/11 – 12/31/11 $ 18.00 $ 266,328.00 $ 22,194.00 Notwithstanding the above, as long as Tenant is not in default under the terms of the Lease, Landlord shall ▇▇▇▇▇ the Monthly Base Rent and Tenant’s Proportionate Share of Actual Operating Costs for the first three (3) months of the Term (the “Rent Abatement Period”). In the event Tenant has a non-cured default at any time during the Term, all abated base rent shall immediately become due and payable. During the Rent Abatement Period, only the Base Rent and Tenant’s Proportionate Share of Actual Operating Costs shall be abated, and all additional rent and other costs and charges shall remain as due and payable.
Base Rental Rate. The initial Base Rental Rate shall increase from $6/sq. ft. to $6.80/sq. ft. Periodic increases thereafter shall remain at the $0 .25 or $0.50 increments as set forth in the Lease.
Base Rental Rate. (a) Beginning on the Commencement Date, Lessee shall pay to Lessor as minimum rent for the Premises the sum specified in Exhibit B as “Base Rent plus applicable Texas sales tax, if any. Base Rent (and applicable sales tax, if any) shall be payable in equal monthly installments on or before the first day of the Term and on or before the first day of each and every calendar month thereafter during the Term. Base Rent shall be paid to Lessor, without any prior demand and without any deduction or offset whatsoever, in lawful money of the United States of America at the address for Lessor specified, in this Lease, or to such other person or at such other place as Lessor may from time to time designate by notice to Lessee. Lessor Lessee The annual Base Rent per square foot of Rentable Area set forth in Exhibit B includes an allowance (“Initial Allowance”) equal to the estimated 2008 Actual Operating Expenses and the Management Fee per the Building “grossed-up” in the same manner as provided in the last paragraph of Section 4(e) above and divided up by the square footage of the Rentable Area of the Building. In addition to Base Rent, beginning on January 1, 2009, ▇▇▇▇▇▇ agrees to pay Lessor the Forecast Additional Rental. The Base Rent and Forecast Additional Rental shall be due and payable in equal installments on the first day of each calendar month during the Term and any extensions or renewals thereof, and Lessee hereby agrees to pay such rent to Lessor monthly in advance at Lessor’s address as provided herein (or such other address as may be designated by Lessor from time to time).
(b) If the Term commences on other than the first day of a calendar month or terminates on other than the last day of a calendar month, then the installments of Base Rental and Forecast Additional Rental for such month or months shall be prorated and the installment or installments so prorated shall be paid in advance. The payment for such prorated month shall be calculated by multiplying the monthly installment by a fraction, the numerator of which shall be the number of days of the Term occurring during said commencement or termination month, as the case may be, and the denominator of which shall be the number of days in said commencement or termination month. Also, if the Term commences or terminates on other than the first day of a calendar year, Additional Rental shall be prorated for such commencement or termination year, as the case may be, by multiplying each by a fraction...
Base Rental Rate. In the event the TENANT extends the lease for the three (3) year period of time, the lease shall be extended on the same terms and conditions as this lease with the exception that the base monthly rental rate shall be $.91 per square foot per month plus the Triple Net (NNN) terms of the lease. with the new base monthly rental rate of $21,294.00 per month commencing on June I, 201 3 and continuing each month thereafter through May 31,2016.